According to ChainCatcher, the Kaia Foundation announced on X that it has received investments from top crypto venture capital firms, with Blockchain Capital and 1kx leading the round, and participation from Galaxy, The Spartan Group, IDG Capital, Mirana Ventures, SNZ Holding, Comma3 Ventures, Caladan, Lingfeng Capital, Waterdrip Capital, and MEXC Ventures, among others, with specific investment details yet to be disclosed.
Kaia was formed by merging Klaytn and Finschia blockchains originally developed by Kakao and LINE, featuring the lowest transaction latency in EVM L1 with a 1-second block time and instant finality, enabling smooth user experience and opening possibilities for use cases requiring near-real-time response.
